Business Convenience Banking

Here are some of the features of Commercial Online Banking:

• Obtain balances
• View and print account history on all deposit and loan accounts
• Transfer funds between your Wauchula State Bank accounts¹,⁴
• View loan status and make loan payments¹,⁴
• Order checks
• Request Stop Payments on checks
• View previous account statements
• Send and receive secure messages to Wauchula State Bank through the Online Banking system
• Free bill paying²
• View pending transactions
• Export transaction file to an accounting software (we are proud of being able to offer Direct Connect for your Financial Management software)  
  Learn More about QuickBooks® Web Connect and QuickBooks® Direct Connect:

Many small businesses have realized the benefits QuickBooks® brings to their business. QuickBooks® can help you spend less time on routine tasks and paperwork and more time building your business. It's the easiest, most complete way to organize your small business accounting. 

• No manual data entry
• Automatically reconcile your accounts
• No duplicate transactions

Wauchula State Bank offers you two options to download your account transactions into QuickBooks®:  Web Connect and Direct Connect.

With Web Connect you can download your account transactions by logging into your Wauchula State Bank's Commercial Online Banking and utilizing the Export File option.

Wauchula State Bank can make using your QuickBooks® even easier with Direct Connect capability. Direct Connect makes it possible to download your Wauchula State Bank transactions into your QuickBooks® register in one easy step.  DirectConnect allows you to conduct all of your banking tasks within QuickBooks®. No need to log into Commercial Online Banking first in order to complete the extra downloading steps. QuickBooks® connects to Wauchula State Bank and downloads information on your command.

In addition, you have the following Cash Management options:

• ACH Origination^{3, 5} – allows a business customer to automatically send an electronic credit (direct deposit) or debit (direct payment) to or from any bank account in the United States.  Organizations that create these transactions are called Originators. Transactions can be either debits or credits.

Payroll is the most popular application of Direct Deposit, but it can be also be used for many other types of payments, such as electronically crediting a deposit account for the net payroll amount, bonuses and commissions, interest payments, pensions or travel expenses.

Direct Deposit is:

• Simple – simplifies the account reconciliation process
• Confidential – Direct Deposit increases payroll confidentiality because it reduces the number of people needed to process, distribute and reconcile payroll. Bank tellers, store clerks and other co-workers don't see your check.
• Safe – With Direct Deposit there is no possibility of lost, stolen or damaged checks.
• Smart – Typically it costs more to process a paper check than a Direct Deposit transaction.
• Convenient – With Direct Deposit, employees don't have to waste precious time going to their financial institution to make deposits.

Direct Payment is also known as automatic bill payment, automatic debit, electronic bill payment or direct debit.  It can be used for many types of recurring payments, such as utility payments, account drafts, newspaper subscriptions, membership fees, dues, insurance premiums, etc.

Direct Payment is:

• Simple – It eliminates many of the labor-intensive manual processes involved in handling check payments, improving the accuracy and efficiency of your operations.
• Safe - It reduces returned payments and posting errors, due to the speed of processing payments and the increased accuracy of customer information. Payment collection is timely and automated; your company always knows when it will be receiving payments.
• Smart - It saves you money in processing costs. It can enhance your customer experience and increase loyalty, providing a payment option that is reliable, accurate, convenient, and confidential. The timing of your receipts will be more predictable and reliable, allowing for more accurate cash flow forecasting and informed investment decisions.
• Green - Direct Payment is also good for the environment.

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• Business Express Deposit^{3, 5} – The time you used to spend making trips to the bank, you can use to focus on your business. With remote deposit you can scan checks from your desk to deposit them into your account anytime day or night.

How does Business Express Deposit work?

You can continue to accept check payments from your customers. Using our Business Express Deposit service and a scanner provided by Wauchula State Bank, you can scan and transmit those checks along with an electronic deposit slip securely over the Internet to us.  We pick up your Business Express Deposit and process the checks accordingly. (Receive same day credit if the deposit is transmitted by 3:00 pm on any bank business day). It’s just that simple!

Convenient

• No more copying checks, manual deposit slips, or standing in line. Just scan and submit.
• Retrieve online check copies, reports and other information fast and easy.
• Transmit check images along with an electronic deposit slip to us, 24-hours a day, 7 days a week. (Receive same day credit if the deposit is transmitted by 3:00 pm on any bank business day.)

Simple and Efficient

• Complete your check deposit in five minutes without ever leaving your business.
• Improve check processing efficiency with fewer errors and free up staff for other tasks.
• Automated verification of image quality.
• Upload processed payment information to your accounts receivable system.

Safe and Secure

• All deposit information is securely transmitted using the banking industry’s highest standards of encryption such as multiple layers of security including password protection, Internet firewalls and 128-bit encryption.

Consolidate funds from remote locations into your account with Wauchula State Bank

• Check deposits can easily be made from any remote office or storefront.
• Simplify account reconciliation by consolidating your banking accounts at Wauchula State Bank

Customizable System Access

• Application customizable to suit your needs.
• Ability to set individual access rights for multiple users.

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• Funds Removed: Alert is sent when a debit transaction is processed using your debit card (Sample message: A $71.78 transaction just processed by Publix on card ending in 4321.)
• Signature Transactions: When you do not use your PIN for a transaction using your debit card. This occurs when you select the “Credit” option on the terminal or if you sign a receipt. (Sample message: A $26.23 transaction just processed by Pizza Hut on card ending in 4321.)
• Card Status Change: An alert will be triggered if the card status should change. Below are the possible card statuses:

  • Active
  • Temporarily Suspended (Hot Card)
  • Temporarily Suspended (Warm Card)
  • Not Activated (Card Activation)
  • Closed

• Suspected Fraud: An alert will be sent if an unusual transaction or suspected fraudulent activity occurs. When this happens, the card is placed on a Hot Card status and cannot be used. The alert will request that the customer contact the bank for more information.

• Receive Real Time Alerts:  When it comes to money these days, it pays to stay alert. Alerts arrive at your mobile device or e-mail almost as soon as they happen so you get notified within moments after the transaction occurred.
• Reduce Fraud:  Debit Card Alerts can act as an early-warning system of possible fraudulent transactions. You will be notified within moments of a transaction taking place making it easy to monitor your accounts. If fraudulent activity ever takes place, you can act quickly to protect yourself and minimize potential fraud.
• Nickname for Individual Cards:  If there are multiple cards on one account, each card can be assigned an individual nickname to help you identify which card you received the alert on.

Alerts are triggered by debit card activity only, not account activity. If you are interested in other types of alerts, please ask us about our Notify Me alerts available within Online Banking.

There is currently no cost for this added service. Standard wireless carrier text charges may apply. Check with your wireless carrier provider for details.

Simply call us at 863-773-4151 and ask about Debit Card Alerts

To stop receiving alerts, simply text “Stop” to 42265 and all subsequent alerts will be stopped. To resume receiving alerts, you must re-register